Why these 4 ASX shares are ending the week with a BANG
March 31, 2017
The Nearmap Ltd(ASX: NEA) share price has surged 6% to 54.7 cents. Today’s gain means the aerial imagery company’s shares have risen a remarkable 21% so far this week. The driver of these share price gains was a positive update released earlier this week.
Nearmap ... could provide the opportunity which savvy investors have been waiting for. The $200 million Nearmap provides ultra-clear, regularly-updated aerial imagery solutions.
The company sells these images to businesses, governments and other parties looking for a regularly-updated bird’s eye view. There are risks, of course. Google, owned by Alphabet Inc, has mapping technology which is getting better and better. However, Nearmap appears to be winning new clients from more regions because of its higher-quality and pure mapping service.